Shekel Flips From Best to Worst, Easing Pressure on Central Bank

Israel’s shekel has swung from the world’s best performer to the worst in a matter of days, easing pressure on the central bank to stem a 14-month rally that’s hurting...

By Galit Altstein · Bloomberg Markets

Israel’s shekel has swung from the world’s best performer to the worst in a matter of days, easing pressure on the central bank to stem a 14-month rally that’s hurting the country’s exporters.